v3.25.2
Cash, Cash Equivalents and Marketable Securities (Tables)
 6 Months Ended
Jun. 30, 2025
Cash, Cash Equivalents and Marketable Securities [Abstract]  
Schedule of Amortized Cost, Gross Unrealized Gains and Losses and Fair Value of Our Cash, Cash Equivalents and Marketable Securities
The following table summarizes the amortized cost, gross unrealized gains and losses and the fair value of our cash, cash equivalents and marketable securities, all of which are considered available for sale, by type of securities (in millions):
Types of securities as of June 30, 2025
Amortized
Cost
Unrealized
Gain
Unrealized
Loss
Fair
Value
Money market funds$187 $— $— $187 
U.S. treasury securities229 — — 229 
Corporate securities and commercial paper485 — — 485 
U.S. government agency securities2 — — 2 
Certificate of deposit24 — — 24 
Total cash, cash equivalents and marketable securities$927 $— $— $927 
Types of securities as of December 31, 2024
Amortized
Cost
Unrealized
Gain
Unrealized
Loss
Fair
Value
Money market funds$120 $— $— $120 
U.S. treasury securities251 — — 251 
Corporate securities and commercial paper592 — — 592 
U.S. government agency securities5 — — 5 
Certificate of deposit24 — — 24 
Total cash, cash equivalents and marketable securities$992 $— $— $992 
Schedule of Fair Values of Our Cash, Cash Equivalents and Marketable Securities
The following table summarizes the fair values of our cash, cash equivalents and marketable securities by location in the Condensed Consolidated Balance Sheets and contractual maturity (in millions):
Location in Condensed Consolidated Balance SheetsContractual MaturityJune 30, 2025December 31, 2024
Cash and cash equivalents—$248 $150 
Marketable securitiesWithin one year663 828 
Long-term marketable securitiesBetween one and three years16 14 
Total cash, cash equivalents and marketable securities $927 $992 
Schedule of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash within the Condensed Consolidated Balance Sheets to the total shown in the Condensed Consolidated Statements of Cash Flows (in millions):
As of June 30,
20252024
Cash and cash equivalents$248 $156 
Restricted cash (included in Other noncurrent assets)3 3 
Total cash, cash equivalents and restricted cash$251 $159 
Schedule of Cash and Cash Equivalents
The following table provides a reconciliation of cash, cash equivalents, and restricted cash within the Condensed Consolidated Balance Sheets to the total shown in the Condensed Consolidated Statements of Cash Flows (in millions):
As of June 30,
20252024
Cash and cash equivalents$248 $156 
Restricted cash (included in Other noncurrent assets)3 3 
Total cash, cash equivalents and restricted cash$251 $159